Hernando MS Real Estate Market Report - September 2009

Hernando MS Real Estate Market Report - September 2009
by Pam Simpson
The Kudzu Vine

There were 31 residential sales in Hernando MS for the month of September which is a slight increase over the previous month. The average sales price was $206,600 and the average days on the market was 126.

The average sales price jumped due to one particular sales that was in excess of $600,000.

Foreclosure sales made up 10% of all homes sold in Hernando MS during the month of September.

Here are comparisions for last month and last year:

August 2009
sales: 27 Avg. Price: $154,535 Avg. DOM: 181

September 2008
sales: 25 Avg. Price: $199,548 Avg. DOM: 134

Hernando MS currently has 257 active residential listings. The prices range from $55,000 to $1,100,000. The median price is $225,000.

Ther current supply of available homes for sale in Hernando MS has shrunk to an 8.2 months supply of inventory. The number of active listings which are foreclosures represent about 5.4% of available homes.

<<<<<Hernando MS Homes For Sale
**********************************************************************************
About the author: Pam Simpson is an Assoc. Broker with Bob Leigh & Associates, LLC in Northwest MS. Copyright© 2009 by Pam Simpson. All rights reserved...***Hernando MS Real Estate Market Report - September 2009***

FOR BUYERS: Buying a Foreclosure, Finding a Home, Loan Info, Tax Credit, Interest Rates,
First Time Homebuyer Guide

FOR SELLERS: Pricing, Selling Tips

LOCAL COMMUNITY INFO: Tate County Community, Memphis Community, Southaven Community, Hernando Community

MARKET REPORTS: Foreclosure Report, Hernando MS Report, Olive Branch MS Report, Tate County MS Report

REALTOR STUFF: NAR, Real Estate and Media, Real Estate Agents

OTHER: Rural Life, Breast Cancer Awareness, Angel Food Ministries, Property Rights, Auctions

Disclaimer: All information provided by this author may be based on information collected from several sources and is believed accurate but not guaranteed.

************************************************************************************